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yawa3891 [41]
3 years ago
12

Because it is difficult for economists to use experiments to generate data, they generally must a. use whatever data the world g

ives them. b. substitute assumptions for data when data are unavailable. c. do without data. d. rely upon hypothetical data that were previously concocted by other economists.
Business
1 answer:
givi [52]3 years ago
4 0

Answer:

a.

Explanation:

Because it is difficult for economists to use experiments to generate data, they generally must use whatever data the world gives them. Economists do not have the luxury of making correct controlled experiments because an economy has many moving parts (variables) which are nearly impossible to replicate. Therefore the best way to study new theories is to use historical data gathered from real world economies.

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A project consists of three activities: A, B, and C. Activities A and B can begin at time 0 (start of the project), but activity
Eva8 [605]

Answer:

Explanation:

Run A Duration B Duration C Duration 1 51 48 17 2 60 48 19 3 30 39 19 4 31 48 22 5 30 31 14 6 41 16 17 7 44 12 6 8 44 12 10 9 45 43 9 10 60 41 10 Based on the simulated numbers given above, what is the average completion time of the whole project?

Since B is the predecessor of C.

Project completion time for each run will be calculated as Maximum (Duration of A, Duration of B +Duration of C).

Represent

Run = R

Duration of A  = DA

Duration of B  = DB

Duration of C = DC

Project Completion time = PT

<u>R       DA          DB                        DC               PT</u>

1       51            48                        17             48 + 17 = 65

2      60          48                        19             48 + 19 = 67  

4      31           48                       22              48 + 22 = 70

5      30         31                         14              31 + 14 = 45

6      41           16                       17                 41

7     44            12                       6                 44

8     44            12                      10                44

9     45           43                     9              43 + 9 = 52

10     60          41                     10                60

                                                                <u> Total = 546</u>

Total Project completion time in 10 Stimulations = 546

Average project Completion time = 546/10 = 54.6

Therefore, average Project completion time is between 53 and 56 days.

5 0
3 years ago
The four types of entrepreneur described by Arthur Cole were the Innovator, the Organization Builder, the Over-Optimistic Promot
slavikrds [6]
The calculating investor
5 0
2 years ago
Read 2 more answers
The following data are taken from the unadjusted trial balance of the Westcott Company at December 31, 2017. Complete the worksh
Alex17521 [72]

Answer:

The total of adjusted trial balance debit and credit side is $159 after posting the given transactions. The sheet is attached with the full working showing both of the trial balances - un-adjusted and adjusted one.

Explanation:

Following journal entries were posted in the trial balance to adjust it.

<u>Transaction a:</u>

Debit: depreciation expense $3

Credit: accumulated depreciation $3

<u>Transaction b: </u>

Debit: salaries expense $6

Credit: accrued salaries $6

<u>Transaction c:</u>

Debit: Unearned revenue $12

Credit: Revenue $12

When unearned revenue is earned, it is removed from unearned revenue by debiting it and then it is credited to the revenue for the period.

<u>Transaction d:</u>

Debit: supplies expense $9

Credit: supplies $9

<u>Transaction e:</u>

Debit: insurance expense $15

Credit: Insurance prepaid $15

When the insurance is expired, it is deducted from the prepaid insurance by crediting it from prepaid insurance account and it is debited to insurance expense account.

Download docx
3 0
3 years ago
A house worth $250,000 has a coinsurance clause of 90 percent. The owners insure the property for $191,250. They then have a fir
Hoochie [10]

111,250 from the insurance

8 0
3 years ago
Use the information presented in Northeastern Mutual Bank's balance sheet to answer the following questions.
Nana76 [90]

Answer:

The explanation is given as follows.

Explanation:

<u>Task 1: </u>

<u>The higher the percentage of assets a bank holds as loans, the higher the capital requirement.</u>

When the owners of the bank borrow $100 to supplement their existing reserves , both reserves and debt increase by $100 , therefore increase in debt as in any balance sheet , the total value of accounts on the left hand should be equal to the right hand , so when there is increase in reserves , there will be increase in debt.

<u>Task 2:</u>

<u>It specifies a minimum leverage ratio for all banks </u>

leverage ratio initially = total assets / capital = 1750 / 125 = 14

leverage ratio new value = total assets / capital = 1850 / 125 = 14.8 ( the assets increase by $100 with increase in reserves)

<u>Task 3</u>

<u>Its intended goal is to protect the interests of those who hold equity in the bank.</u>

Capital requirement are there to ensure that bank have enough capital to repay the depositors and debtors and if a bank holds a higher percent of risky assets , capital requirements will be higher so that the bank remains solvent hence option a is right answer.

4 0
3 years ago
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